What Are All The Steps Needed In Order To Flip?

I am new and would like to start out by flipping properties however I am not sure of exactly how to go about it. What do you do after you think youve found a good deal? What are the steps in order to put a house on contract after youve discussed it over with the seller? Any help would be appreciated! confused

Comments(3)

  • bryanb6th November, 2003

    The first thing to do is get educated. I'm not trying to be smart, but you really need to invest in wholesaling course. I am also new, and am using the Ron Legrand course. It is very informative, and has helped me tremendously. I am by no means a shill for Legrand. I will be closing my first 2 deals in the next 2 weeks and will gross around 14k, for about 10 hours of work(thats a high estimate of time put in).

  • InActive_Account6th November, 2003

    I had a contract on a house and then ran scared to go forward and pursue the rehabbing/renting/selling. I therefore went to the local paper ads which state, "I buy homes". These ads are placed by investors.
    What I learned: most would only consider looking at the property if you could show you purchased the property at 70% or less.

  • iamhappy7th November, 2003

    jtmhomebuyers,

    70% less of what? After repaired value??- Plese clarify.

Add Comment

Login To Comment